McCormick & Company, Incorporated (NYSE:MKC) Shares Climb 3.7% - What's Next?

Key Points

• McCormick shares rose 3.7% to about $47.54, although trading volume was below average and the stock remained below its 50- and 200-day moving averages near $50.
• Recent earnings exceeded expectations, with quarterly EPS of $0.86 versus the $0.76 consensus and revenue of $2.02 billion, up 17.4% year over year. Full-year 2026 guidance was set at $3.05–$3.13 EPS.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $55.30; McCormick also announced a quarterly dividend of $0.48, representing a 4.0% annualized yield.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report)'s stock price shot up 3.7% on Tuesday. The stock traded as high as $47.68 and last traded at $47.5420. Approximately 3,472,328 shares were traded during mid-day trading, a decline of 13% from the average session volume of 4,001,657 shares. The stock had previously closed at $45.86.

Analyst Ratings Changes

Several brokerages have recently commented on MKC. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Friday, September 18th. Stifel Nicolaus lowered their target price on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, September 21st. UBS Group dropped their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a "neutral" rating for the company in a research report on Friday, October 2nd. Finally, BNP Paribas Exane cut their price target on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $55.30.

McCormick & Company, Incorporated Stock Up 3.7%

The stock has a 50-day simple moving average of $50.32 and a two-hundred day simple moving average of $50.08. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market cap of $12.79 billion, a PE ratio of 8.60, a P/E/G ratio of 1.96 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company's revenue was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be given a $0.48 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. McCormick & Company, Incorporated's payout ratio is presently 34.72%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares of the company's stock, valued at $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several institutional investors have recently added to or reduced their stakes in the company. Aristotle Capital Management LLC boosted its holdings in shares of McCormick & Company, Incorporated by 231.9% during the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock valued at $638,795,000 after buying an additional 8,848,235 shares in the last quarter. XXEC Inc. bought a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $154,566,000. Diamant Asset Management Inc. increased its stake in shares of McCormick & Company, Incorporated by 4,848.6% during the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company's stock valued at $52,792,000 after purchasing an additional 1,025,480 shares in the last quarter. Amundi increased its stake in shares of McCormick & Company, Incorporated by 72.5% during the first quarter. Amundi now owns 2,023,544 shares of the company's stock valued at $102,068,000 after purchasing an additional 850,343 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 330.3% during the first quarter. Deprince Race & Zollo Inc. now owns 694,914 shares of the company's stock valued at $35,051,000 after purchasing an additional 533,437 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French's, Frank's RedHot, Lawry's, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.

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